Author: NBTC

After the UAE was taken off the FATF (Financial Action Task Force) grey list and even prior to that, the UAE continues to take action to ensure improved AML/CTF (Anti Money Laundering) and (Counter-Terrorist Financing) especially when it comes to virtual assets. On July 10th, 2024, the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF) started implementing over 100 recommendations from the UAE’s National Risk Assessment (NRA). This came after the twenty-first meeting of the Higher Committee Overseeing the National Strategy on AML/CFT, chaired by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister…

OP_CAT is a proposed Bitcoin upgrade, aiming to bring Ethereum-like smart contract capability to the world’s oldest and largest blockchain network. While by no means short of supporters, OP_CAT remains in its very early stages in terms of acquiring the consensus necessary to be merged into Bitcoin’ core software. Layer-2 developer StarkWare, the primary builder behind the Starknet network atop Ethereum, has offered a glimpse of what could be possible on the Bitcoin blockchain if a pending technical proposal known as OP_CAT were adopted. Working on a Bitcoin’s testing environment known as Signet, and using OP_CAT, StarkWare says it demonstrated…

Over the weekend, Bitcoin (BTC) ‘s price circled between $54,424 and $58,215. However, as the new week begins, the coin presents an interesting revelation on-chain that could influence its next direction. To put it in perspective, this condition has been historically crucial to BTC’s recovery. Will it be the same this time? Bitcoin Oversold, Drives Multiple Bids The metric in question is the NVT Golden Cross. NVT stands for Network Value to Transaction. Defined as a reformed index of the NVT ratio, the metric gauges if Bitcoin has hit the bottom or is at the top. When the value of…

Tether USD (USDT) and USD Coin (USDC) are leading the stablecoin market, each carving out distinct niches in the crypto ecosystem, according to a recent Keyrock report. USDT maintains its dominance as a trading pair standard on centralized exchanges, leveraging its first-mover advantage. Meanwhile, USDC is making significant inroads in decentralized finance (DeFi) applications, offering a more diverse portfolio of use cases. Approximately 11.5% of USDT’s total market cap, or $12.8 billion, is held within smart contracts across 10 different chains, the lowest percentage among major stablecoins. USDT’s usage is primarily concentrated in bridges and decentralized exchanges (DEXs), reflecting its…

Recent cat in a dogs world (MEW) price surge has captured significant attention among crypto investors. Over the past 24 hours, MEW price saw a 21.59% increase, with its market cap rising by 21.66% to $379,348,419. The cat in a dogs world price surge has propelled MEW token to the 182nd position in terms of market capitalization, signifying its growing prominence in the crypto market. MEW price surge coincides with increased activity Besides its growing popularity, the surge in MEW price is further substantiated by a notable increase in trading volume, which has spiked by 218.17% to $126,547,621 over the…

Crypto lobbying expenditures have surged dramatically over the past seven years, according to a new study by Social Capital Markets. The research reveals a staggering 1,386% increase in lobbying spend by crypto companies, rising from $2.72 million in 2017 to $40.42 million in 2023. The study highlights a significant acceleration in lobbying efforts, with nearly 60% of the total $131.91 million spent on crypto lobbying occurring in the last two years. In 2022 and 2023 combined, the industry allocated $78.94 million to influence policy and regulation. Apollo Global Management emerged as the top spender in 2023, investing $7.56 million in…

Vanar, known for its carbon-neutral, high-speed, and low-cost Layer 1 blockchain tailored for the entertainment industry and mainstream applications, has just announced a groundbreaking partnership with Sharpe Labs. This collaboration marks a significant step forward in harnessing advanced technological solutions to enhance the crypto trading experience. Vanar’s blockchain technology, renowned for its efficiency and environmental friendliness, is set to integrate with Sharpe Labs’ Sharpe AI platform. Sharpe AI, an innovative super-app, is designed to transform the cryptocurrency trading landscape by providing a comprehensive suite of tools for investment, intelligence gathering, and digital asset automation. This alliance is not just a…

The German government has made another significant move in the cryptocurrency market by transferring 1,000 Bitcoin (valued at $55.8M) early morning today. Out of this, 500 BTC ($27.9 million) has been deposited to popular cryptocurrency exchanges Bitstamp and Kraken, according to a recent tweet by on-chain analytics provider SpotOnChain. The German Government transferred out another 1,000 $BTC ($55.8M) 20 minutes ago, of which 500 $BTC ($27.9M) has been deposited to #Bitstamp and #Kraken.Since June 20, they have moved out a net amount of 11,033 $BTC ($669M) at an average price of $60,669.Currently, the German… https://t.co/cDc6TJsUm7 pic.twitter.com/hmq1zcYcJn — Spot On Chain…

Propy, a real estate tokenization platform, and Parcl, a DeFi protocol specializing in real estate data, have announced a strategic partnership aimed at improving analytics for on-chain real estate. Parcl and Propy are teaming up to enhance the PropyKeys platform, which has already tokenized over $10 billion worth of U.S. homes and is projected to surpass $50 billion by the end of the year. Propy’s initiative will use Parcl Labs API for improved property valuation and analytics. This access, obtained by acquiring and staking Parcl’s $PRCL token, hopes to bring more real estate markets onto the blockchain. Real estate and…

It’s all about governance bro Governance tokens are in the midst of a reckoning. UNI and MKR are, in many ways, DeFi’s most important experiments. But right now, the tokens themselves are suffering from the successes of their respective protocols. Both sit at the very heart of what makes DeFi so compelling: Uniswap enables peer-to-peer trading on an open, neutral platform that can’t be stopped or gatekept. Maker manages an overcollateralized, debt-backed and censorship-resistant stablecoin, DAI, the market’s third-biggest with $5.3 billion in circulation. Both protocols allow token holders to participate in governance — tweaking the knobs on aspects of…